The scene from this movie was obviously a horrible period in history, but this take on it cracks me up every time: http://www.youtube.com/watch?vbNmcf4Y3lGM My uncle used to say, "Do not corner something that you know is meaner than you." Or bigger, for that matter. Speaking of big, the numbers...
Judge Says Fed Must Release Loan Info (Bloomberg News)
The Federal Reserve must for the first time identify the companies in its emergency lending programs after losing a Freedom of Information Act lawsuit.
The Federal Reserve considers the record rate of mortgage delinquencies, foreclosures and their impacts on communities an urgent problem.
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between August 13 and August 19, the Federal Reserve purchased a gross total of $26.640 billion agency MBS. After subtracting sales (providing liquidity/the roll) the Fed's...
In July, Ben Bernanke told a town hall meeting, "I was not going to be the Federal Reserve chairman who presided over the second Great Depression." According to New York Times columnist Paul Krugman in that regard he's succeeded. Bernanke's rescue of the financial sector in tandem with...
Investor sentiment began the week with a rapid downward slide after the World Bank released new forecasts severely downgrading the prospects for a global recovery. The world economy remains "unusually uncertain" and is now expected to shrink 2.9% this year, the World Bank said, compared with...
Any talk of new regulation tends to frighten investors and, today, the Obama administration is announcing new plans to empower the Federal Reserve and create new institutions for systemwide oversight. The S&P 500 has already fallen 3.6% this week, and futures show few signs of improving at the today’s...
A report from the Federal Reserve said economic conditions remain weak across the nation but five of the 12 central bank districts reported that deterioration was slowing. At the same time, Treasury released a statement indicating that the budget deficit is expanding rapidly. The budget deficit wasn’t...
Financial markets are beginning the week on a soft note as investors take profits from last week’s gains. After opening slightly lower than Friday’s close, the first hour of trading has seen stocks tumble as investors do a double-take on the signs pointing to economic recovery. At 10:30 am...